Celsius (NASDAQ:CELH) Stock Rating Reaffirmed by Morgan Stanley

Celsius (NASDAQ:CELH)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Morgan Stanley in a research report issued on Tuesday, Benzinga reports. They presently have a $50.00 price objective on the stock. Morgan Stanley’s price target indicates a potential upside of 23.49% from the stock’s previous close.

A number of other equities analysts have also commented on CELH. TD Cowen cut their price target on Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Wedbush cut their target price on Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a research note on Wednesday, June 12th. Jefferies Financial Group decreased their price target on Celsius from $98.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. BNP Paribas assumed coverage on shares of Celsius in a research note on Monday, June 24th. They set an “outperform” rating and a $87.00 price objective for the company. Finally, UBS Group lowered their target price on shares of Celsius from $70.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $64.79.

Celsius Trading Down 2.6 %

Shares of CELH stock traded down $1.07 on Tuesday, hitting $40.49. 463,754 shares of the stock were exchanged, compared to its average volume of 5,227,788. Celsius has a one year low of $36.17 and a one year high of $99.62. The firm’s 50 day moving average is $51.56 and its two-hundred day moving average is $68.73. The firm has a market capitalization of $9.44 billion, a PE ratio of 44.51, a P/E/G ratio of 1.38 and a beta of 1.90.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.05. The company had revenue of $402.00 million for the quarter, compared to analyst estimates of $391.07 million. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The company’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 earnings per share. On average, sell-side analysts expect that Celsius will post 1.05 earnings per share for the current year.

Hedge Funds Weigh In On Celsius

Several institutional investors and hedge funds have recently made changes to their positions in CELH. FinTrust Capital Advisors LLC purchased a new position in Celsius in the 1st quarter worth approximately $25,000. EverSource Wealth Advisors LLC raised its holdings in Celsius by 3,116.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $32,000 after buying an additional 374 shares during the last quarter. Rise Advisors LLC raised its holdings in Celsius by 1,370.0% during the 1st quarter. Rise Advisors LLC now owns 441 shares of the company’s stock valued at $37,000 after buying an additional 411 shares during the last quarter. Transcendent Capital Group LLC bought a new stake in Celsius in the 4th quarter worth $25,000. Finally, Beacon Capital Management LLC purchased a new position in shares of Celsius in the first quarter valued at about $40,000. Institutional investors own 60.95% of the company’s stock.

About Celsius

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.